TIDMMONI

RNS Number : 5798R

Monitise PLC

30 June 2015

Monitise plc

Issue of deferred consideration

LONDON - 30 June, 2015 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding the payment of deferred consideration for the acquisition of the Markco Media businesses, originally announced on 26 June 2014.

Deferred consideration comprising 3,571,429 new ordinary shares of 1p each ("Ordinary Shares") in respect of retention payments was issued on 29 June 2015 pursuant to the terms of the acquisition. This represents GBP0.4m based on the closing share price of 10.5p on 29 June 2015. The remaining retention payments, earn-out consideration and held back consideration will fall due in respect of the period to and including 30 June 2016, with total earn-out consideration dependent on performance against earn-out targets.

The new shares represent an increase of approximately 0.2% in the number of Monitise shares in issue. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission") and it is expected that Admission will become effective on 3 July 2015. Following Admission and based on the Company's current issued share capital, Monitise will have 2,168,231,436 Ordinary Shares in issue.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks use Monitise's technology platforms and services to securely connect people with their money.

33 million consumers have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $101bn of payments, purchases and transfers annually. Additionally, Monitise-designed high-engagement apps across multiple industry verticals and email subscribers to the Monitise Content consumer business total more than 49 million. More information is available at www.monitise.com. For views and insights from the Monitise team about the world of Mobile Money, visit www.monitise.com/insights.

Company Secretary

Tom Spurgeon Tel: +44(0)20 3657 0900

tom.spurgeon@monitise.com

Investor Relations

Richard Johnson, Michelle Singleton Tel: +44(0)203 657 0900

investorrelations@monitise.com

Canaccord Genuity

Simon Bridges Tel: +44(0)20 7523 8000

Emma Gabriel

Brunswick

Jonathan Glass, Jon Drage Tel: +44(0)20 7404 5959

This information is provided by RNS

The company news service from the London Stock Exchange

END

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